Sale of Apartment Loss – Tax calculation
Sold an apartment in Sweden for loss in the Financial Year? How to calculate Profit or Loss when you sell an Apartment in Sweden: + Selling Price of Apartment – Your purchase price – Selling expense (Brokerage Fee) – Improvement cost – Kapitaltillskott (You get this value from BRF) – Share of internal repair fund […]
Non-Working Spouse – Advantage
Dear Non-working Spouse Expats, I know you are looking for a job in every means possible, but never feel guilty about not getting a job in your new country! Let’s take a moment to realize what you have and what the working people miss: You have the luxury of TIME. Time is more valuable […]
Pension Triangle
Sweden may have high taxes, but Sweden also has a very good pension system for employees. Allmäns pension is a government-controlled pension. Everyone in Sweden who is working, getting a salary, and paying income taxes gets this mandatory pension. It’s 18.5% of Max salary* Kr gross salary before taxes per month. (*Based on 7.5 income […]
Apartment Purchase – BRF Model
Biggest investment of an expat in Sweden is the purchase of an apartment. But only a few people understand how Bostadsrättsförening (BRF) model functions. Quick Points: When you buy an apartment in BRF, you have the right to live in the apartment. (Renting it out is not easy and it depends on the BRF). BRF […]
Importance of Personal Finance
Here is my story and why I feel everyone needs to understand finance and financial planning in life. Life as a Young Adult (No Understanding of Personal Finance) I came from India and moved to Norway in 2011 at the age of 26 for my Master’s degree, and I was working happily in Norway. In […]
More Salary offered ?
Sweden is one of the countries that pays higher salaries to employees than the actual salary shown in the offer letter. Most private white-collar employees in Sweden receive the following amounts that are not included in the salary mentioned in the offer letter: Holiday Pay: When you take your summer vacation in Sweden, your employer […]
Social Taxes – Paid by Company
Did you know that your employer in Sweden pays a tax of 31.42% on your gross pay to employ you? This concept was new to me coming from India, but according to Skatteverket (Tax office in Sweden), the Swedish social security system is mainly financed by social security contributions. I believe this includes subsidized medical […]
Tax Savings – Salary Exchange
Löneväxling : Its an option provided by the company , then a person can move a part of the Salary to Pension Year 2025: Earning above 53,600 Kr/month incurs an additional 20% state income tax and salary above 54 200 Kr can only be moved to pension as exchange. (Note the amount in below image refers […]
Financial Safety – Sweden
I love Sweden for the financial safety net it provides for its residents. People talk about weather or high taxes when it comes to Sweden, here I want to highlight the financial safety net Sweden provides for its people and I just love it 😊 Försäkringskassan: It’s the social insurance agency, which provides payment when […]
Tax Free income – Sweden
Did you know some income is tax-free in Sweden? –> Gift & Inheritance is major wealth which can be transferred to the next generation tax-free. –> Most people in Sweden use tax deferral on the sale of apartments, using this profit to buy a villa or bigger-sized apartment. (You can buy in another EU country […]
Annamalai Ramanathan | Financial Educator
I create awareness on personal finance topics to European Indian NRI and Swedish expats by empowering them to have control over their finances and a fulfilling life with happier relationship with money
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